EY pensions head proposes new global body
The $100 trillion in pension assets must reach at least $500 trillion in the next decade, but the industry is highly complacent on the issue, says Josef Pilger, co-author of a recent EY report.
Systems for retirement provision globally are too cumbersome and outdated to achieve their objective, and in some cases their goal is not even clear, according to a pensions specialist.
Setting up a single entity to drive a collective approach to solving the problem would help, suggests Josef Pilger, Sydney-based global pensions and retirement leader at consulting firm EY.
The retirement time-bomb is ticking and not enough progress is being made to solve the problem, noted Pilge…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.